Nasdaq’s Battle at the Golden Support!On the NASDAQ 100 (NDX) chart, the index has pulled back after a strong rally to around 26,000, now testing a critical support zone near 25,000–25,200. This area is technically significant because it aligns with three key factors:
1. The main ascending trendline (blue line)
2. The 50-day moving average
3. A previous horizontal support level
In the short term, if the index holds above 25,000 and forms a bullish reversal candle, it could rebound toward the next resistance around 26,200–26,500. The stop loss for this bullish scenario would be a confirmed breakdown below 24,800.
However, if the price drops below 24,800 and stays there, a deeper correction toward 23,800–24,000 becomes likely — which aligns with the lower boundary of the medium-term channel.
From a long-term perspective, as long as the index trades above its 50-day moving average (currently around 20,300), the primary trend remains bullish, with potential upside targets between 27,000 and 28,000.
In short, this current zone represents the dividing line between trend continuation and a medium-term correction for the Nasdaq 100.
